Hacker Steals $320M of Blockstream's BTC | Bitcoin Banter

<p>A self-proclaimed white hat hacker exploited Blockstream's Liquid Network, minting fake LBTC and draining nearly 4,000 Bitcoin worth around $320M. The funds were held on-chain during public negotiations conducted through blockchain messages, with 85% eventually returned and around 600 BTC kept as a claimed 'consultancy fee'. </p>

<p>This breakdown explains how the Liquid hack happened, what it reveals about federated sidechains, custodial risk, and Bitcoin security. We also cover UK mandatory phone surveillance and digital ID proposals, arrests for communications offenses, rising Europe-Russia tensions, LG TV privacy concerns, plus our Donkeys of the Week, who are offering the opportunity to own a brand new meme coin and pair of Strategy-branded shoes. </p>

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<p>⏱️ TIMESTAMPS: </p>

<p>00:00 - Liquid Network hack: $320M fake LBTC minted, Bitcoin drained </p>

<p>07:47 - UK phone surveillance & mandatory digital ID </p>

<p>14:25 - Germany, Russia tension & war threats </p>